Services growth slowed in March: HSBC PMI

Growth in India’s pivotal services industry lost some momentum in March as input prices rose at the fastest pace in nearly a year, a business survey showed on Monday.



The HSBC Services Purchasing Managers’ Index eased to 53.0 in March from February’s eight-month high of 53.9. A reading above 50 indicates growth, and March was the 11th straight month of expansion.



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Posted in: Indian Market Tips